Business
Investors dumping dollar – FT
Asset managers are set to unload 1.6% of their dollar positions this month in the largest sell-off since last year, the FT says
‘Death rate’ of UK businesses rising – report
A record number of businesses have closed up across the UK amid the cost-of-living crisis, the ONS reports
War with Hamas damaging Israel’s economy – Moody’s
The Israeli economy is set to face multiple shocks from reduced investment, a disrupted labor market, and plummeting demand, Moody’s says
Cocoa prices near 50-year highs
Prices for cocoa beans have surged to their highest level in more than four decades amid supply concerns
EU nation resumes purchases of Russian gas
The Czech Republic has been purchasing Russian gas since October despite pledges to stop imports, Trade Minister Jozef Sikela says
European country imports ‘banned’ Russian gold
Switzerland reportedly imported sanctioned Russian gold worth $875 million in October via the UK and Moldova using a legal loophole
EU states raise red flag over planned sanctions on Russia – Bloomberg
A group of the largest EU states have reportedly raised concerns about proposals to enforce sanctions on Russia
EU at risk of another energy crisis – media
Growing global uncertainty could push natural gas prices to record highs this winter, Oilprice reports
Major oil transporters succumb to anti-Russian sanctions – Reuters
Three Greek shipping firms have refused to carry Russian seaborne crude in order to avoid US sanctions, Reuters has reported
Russia sets new record in gas deliveries to China
Russia’s energy major, Gazprom, says a new record for daily gas deliveries to China through the Power of Siberia pipeline has been set
Germany to terminate energy price brakes – finance minister
German electricity and gas price caps will expire this year and not be prolonged until March 2024, the finance minister has said
EU state to secure its energy supply working with Türkiye
Hungarian FM Peter Szijjarto has said Budapest is planning to sign a contract with the Turkish gas supplier Botas by year's end
Russia finds new whisky supplier
China has ramped up export of whisky to Russia in the wake of departure of some Western brands, Kommersant reports
Israel leaving Gaza economy in ruins
The war with Israel has deprived Gaza of access to Israel’s labor market, its only source of income apart from foreign aid, CNBC reports
British household debt to double in three years – report
UK families are facing a growing debt burden as cost-of-living pressure mounts
Eliminating central bank ‘non-negotiable’ – Argentina’s Milei
Argentina’s president-elect Javier Milei has said he will stick to his pledge to shake up the economy